Gcm Resources Takeover Rumours (GCM)


Gcm Resources Chart

Gcm Resources Takeover Price

Gcm Resources Takeover Forum Posts

Or a takeover by the chinese at 20p. They will be very generous doubling the SP....hahaha
Hahahaha reggie72 Posts: 6,152 Price: 16.75 No Opinion RE: polo rnsToday 08:24 no need to issue new shares if the takeover is bagged
GCM’s ducks are now in a row following yesterday’s announcement confirming the cash for the next 12 months. All the agreements with partners and consultants are in place and where appropriate extended. All the new shares that needed to be issued have been issued. All these parties have been working on getting the submission to the Government ready. They will have been in dialogue with all the relevant parties in the Government to ensure the submission will tick all the Government’s boxes. The next step is the actual submission. How will the market react in the next few weeks and then on actual submission? History shows that if the market starts to be optimistic about success the sp can move very quickly. There is also the possibility of a takeover offer as the sp is so low. The next weeks and months will be interesting.
This is what the clowns post on LSE....hahahahahaha SP is actually 12p.... Jupiter123 Posts: 433 Price: 12.375 No Opinion RE: March takeover?!?Today 09:14 Morning MD.... It's crazy isn't it.. Personally I'd like to see us get to first base (over 20p) and hold it.. Let's just say by miracle this sp did climb to £10.00 surely 99% of people wouldn't see the benefit of it anyway as most people would sell way before , I am with Kinabalu and would be more than happy to get out at £1.00 As you say if it hit that 68p mark at some time soon, they would be hard to turn down now. Sure the usual peeps will come back and disagree, but the like of our GP would be way gone before it climbed to those ludicrous numbers. GL
They will likely have to make some decisions in january about cash, loans, and gcms future.As long as the project remains asiaenergy/gcm it will not go ahead. I suspect polo or dyani are forcing this into some form of takeover after gcm irrecoverably hits the rocks.Both are OWED shares in lieu of cash already given or services already supplied to gcm, and in both instances, they will end up with in excess of 30% holding.There is no way to avoid an undesirable outcome for shareholders here.
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